On Thursday, October 16, Standard and Poor’s revised Renssealer Polytechnic Institute’s outlook concerning the Institute’s debt. S&P, an American financial service company and one of the Big Three credit rating agencies, discloses credit ratings for the debt of public and private companies. For the past few years, the debt situation has been a problem that even had students concerned. In 2011, the 42nd Student Senate reviewed the then-current financial status of the Institute and its ability to meet immediate fundraising and faculty hiring goals. According to Moody’s Investor Service, another one of the big credit rating agencies, last December, the Institute had $787 million of direct debt and a pension liability/comprehensive debt that is higher than $891 million. Read more...








